GIC fund group sold 19.5 million MSN shares, earning more than 2,500 billion dong?

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In today’s session (September 1), more than 19.6 million MSN shares of Masan Group Joint Stock Company were traded by put-through method. Total value of more than 2,500 billion VND.

The seller is a foreign investor, while the buyer is mixed with both foreign and domestic investors.

Earlier, according to sources from Bloomberg, Singapore Government Investment Fund (GIC) member – Ardolis Investment Pte Ltd made a move to sell 19.5 million MSN shares. Thus, it is likely that this foreign fund has completed its divestment in today’s trading session.

It is known that in May 2020, Ardolis Investment Pte Ltd bought an agreement of nearly 39 million MSN shares with an estimated amount of VND 2,300 billion, equivalent to USD 100 million. Previously in 2018, GIC investment fund also spent the same amount to buy 24.5 million MSN shares.

Earlier on January 15, GIC fund group sold 19.8 million MSN shares by put-through method. With an average price of about 86,000 VND/share, GIC was estimated to collect about 1,700 billion VND.

On the other hand, leaders and related groups have just registered to buy 3 million shares to increase their ownership to 50.73%. In which,   Hoa Huong Duong Construction Company Limited – a business related to Mr. Nguyen Thieu Nam, a member of the Board of Directors and Deputy General Director of MSN – wants to buy 1 million shares.

This transaction is expected to be implemented by the method of agreement/matching, execution time from August 26 to September 24. After the transaction is completed, Sunflower Construction will increase its ownership in Masan to 13.36% of the capital.

Besides, Masan Joint Stock Company – the company of MSN Chairman Nguyen Dang Quang – registered to buy 2 million MSN shares. Similar transaction execution time for Hoa Huong Construction.

In terms of business situation, accumulated in the first 6 months of the year, MSN’s net revenue reached nearly VND 41,200 billion, an increase of more than 16% compared to the same period last year. Thanks to the reduced operating costs, along with the positive results of the group of joint ventures and associates, the company reported a pre-tax profit of 3.6 times to VND 1,630 billion.

Compared to the whole year plan, MSN has completed 44.7% of revenue target and nearly 40% of profit target.

Source: – Translated by